Foundation For The Development Of Rural Communities Inc
Rural Development Foundation Shows Stable Finances with No Executive Compensation Amidst Fluctuating Revenue.
EIN: 204201085 · Charlotte, NC · NTEE: E99 · Updated: 2026-03-28
Is Foundation For The Development Of Rural Communities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For The Development Of Rural Communities Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For The Development Of Rural Communities Inc
Foundation For The Development Of Rural Communities Inc (EIN: 204201085) is a nonprofit organization based in Charlotte, NC, classified under NTEE code E99. The organization reported total revenue of $395K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Development Of Rural Communities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For The Development Of Rural Communities Inc is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $189K |
| Surplus / Deficit | +$26K |
| Total Assets | $52K |
| Total Liabilities | $1 |
| Net Assets | $52K |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2023, Foundation For The Development Of Rural Communities Inc reported a surplus of $26K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Foundation For The Development Of Rural Communities Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.1% | -2.3% | +97.1% |
| 2022 | -1.0% | +24.1% | -53.8% |
| 2021 | -10.0% | -2.6% | +16.9% |
| 2020 | +73.2% | +30.6% | +83.3% |
| 2019 | +62.7% | -37.4% | +1762.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For The Development Of Rural Communities Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Foundation For The Development Of Rural Communities Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with latest revenue of $395,446.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Foundation For The Development Of Rural Communities Inc's IRS 990 filings:
- Inconsistent revenue generation over the years, making long-term financial planning challenging.
- Periods of deficit spending, such as in 2022 where expenses ($193,750) exceeded revenue ($162,823), which could impact sustainability if not managed.
Strengths
The following positive indicators were identified for Foundation For The Development Of Rural Communities Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Very low liabilities, often reported as $1, suggesting strong financial management and minimal debt burden.
- Consistent filing of IRS Form 990s over a decade, demonstrating commitment to transparency and regulatory compliance.
- Positive net income in recent years (e.g., 2023 and 2021), contributing to asset growth and financial stability.
- Growing assets, reaching $52,381 in 2023, indicating an accumulation of resources over time.
Frequently Asked Questions about Foundation For The Development Of Rural Communities Inc
Is Foundation For The Development Of Rural Communities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For The Development Of Rural Communities Inc (EIN: 204201085) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Foundation For The Development Of Rural Communities Inc spend its money?
Foundation For The Development Of Rural Communities Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For The Development Of Rural Communities Inc tax-deductible?
Foundation For The Development Of Rural Communities Inc is registered as a tax-exempt nonprofit (EIN: 204201085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Foundation For The Development Of Rural Communities Inc a good charity?
Based on the available data, the Foundation appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating that donations are not used for executive salaries. Its financial health is generally stable, with assets growing to $52,381 in 2023 and minimal liabilities.
How has the organization's financial health changed over time?
The organization's financial health has fluctuated. While it experienced deficits in 2022, 2019, and 2015, it has also shown periods of positive net income, such as in 2023 ($215,045 revenue vs. $189,243 expenses) and 2021. Assets have generally grown, reaching $52,381 in 2023 from $2,217 in 2011, demonstrating long-term asset accumulation.
What is the trend in the organization's revenue?
Revenue has been inconsistent, ranging from a low of $36,158 in 2013 to a high of $215,045 in 2023 (among recent filings). The latest reported revenue is $395,446, indicating a significant increase, but the annual filings show considerable year-to-year variability.
Filing History
IRS 990 filing history for Foundation For The Development Of Rural Communities Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foundation For The Development Of Rural Communities Inc's revenue has grown by 176.4%, moving from $78K to $215K. Total assets increased by 2262.7% over the same period, from $2K to $52K. Total functional expenses rose by 69.6%, from $112K to $189K. In its most recent filing year (2023), Foundation For The Development Of Rural Communities Inc reported a surplus of $26K, with revenue exceeding expenses. The organization holds $1 in liabilities against $52K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $189K | $52K | $1 | — | View 990 |
| 2022 | $163K | $194K | $27K | $1 | — | View 990 |
| 2021 | $164K | $156K | $58K | $1 | — | View 990 |
| 2020 | $183K | $160K | $49K | $1 | — | View 990 |
| 2019 | $105K | $123K | $27K | $0 | — | View 990 |
| 2015 | $65K | $196K | $1K | $0 | — | View 990 |
| 2014 | $147K | $65K | $133K | $0 | — | View 990 |
| 2013 | $36K | $35K | $51K | $0 | — | View 990 |
| 2012 | $152K | $105K | $50K | $0 | — | View 990 |
| 2011 | $78K | $112K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $189K, and assets of $52K (revenue +32.1% year-over-year).
- 2022: Revenue of $163K, expenses of $194K, and assets of $27K (revenue -1.0% year-over-year).
- 2021: Revenue of $164K, expenses of $156K, and assets of $58K (revenue -10.0% year-over-year).
- 2020: Revenue of $183K, expenses of $160K, and assets of $49K (revenue +73.2% year-over-year).
- 2019: Revenue of $105K, expenses of $123K, and assets of $27K (revenue +62.7% year-over-year).
- 2015: Revenue of $65K, expenses of $196K, and assets of $1K (revenue -55.9% year-over-year).
- 2014: Revenue of $147K, expenses of $65K, and assets of $133K (revenue +306.5% year-over-year).
- 2013: Revenue of $36K, expenses of $35K, and assets of $51K (revenue -76.3% year-over-year).
- 2012: Revenue of $152K, expenses of $105K, and assets of $50K (revenue +96.0% year-over-year).
- 2011: Revenue of $78K, expenses of $112K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For The Development Of Rural Communities Inc:
Data Sources and Methodology
This transparency report for Foundation For The Development Of Rural Communities Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.